AN ACT ESTABLISHING A THERMAL ENERGY NETWORK GRANT AND LOAN PROGRAM.

HB 6929 creates a state-funded grant and loan program to support the development of large-scale thermal energy networks, which provide greenhouse gas-free heating and cooling for buildings. The program, administered by the Commissioner of Energy and Environmental Protection, offers financial assistance for planning, design, and infrastructure costs to eligible entities like municipalities, electric utilities, regional councils, and nonprofits. Recipients must submit annual progress reports to state energy oversight bodies. The program takes effect October 1, 2025, and focuses on advancing clean energy infrastructure without specifying target communities or environmental outcomes.